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Kinley Lowery
Business
23 January, 09:46
How do changing prices affect supply and demand
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Katelynn
23 January, 10:07
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If there is a decrease in supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services ... However, when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa.
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